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Value-addition key enhances textile exports

Haji Muhammad Akram Ansari, Minister of State for Commerce and Textile Industry, while addressing the 31st annual general meeting of Pakistan Textile Exporters Association recemt;ly stated that government is fully committed to expedite growth of commerce to maximum possible level by using all available means. Prime Minister's package has helped in attaining competitive edge in international market.

He has underlined the need for serious and well-planned efforts for increasing value-addition especially in textile sector for capturing more share in the regional and international markets. With support of the masses, we will overcome the challenges being faced by the country, the government is committed to imparting all possible facilities to the business community as it is playing a major role in bringing economic stability. No country could achieve economic targets without the due role of exporters therefore government is making all-out efforts to overcome export challenges. He also appreciated the successful efforts of outgoing team in resolving the issues confronting exports.

Pakistani exports are under pressure due to prevailing economic financial, industrial crisis in the country as well as persistently high cost of production, heavy burden of taxes and high energy cost which are badly affecting the industrial and trade activities and productivity output.

Outgoing Chairman Ajmal Farooq, presenting his annual report, stating that despite big challenges, it was wonderful experience representing as chairman of the country's premier association of textile manufacturers and exporters. During the year, utmost efforts were made to look after the trade related issues of members by advocating their voice at appropriate forums.

He termed the Prime Minister's package and payment of long outstanding refunds as positive which will definitely help to accelerated industrial pace in the country. He expressed the hope that new team will continue the efforts to strengthen the linkages with the local and international businesses to promote and protect the interests of textile industry.